11/29/2018 Live Update

[Cobra]

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the pullback overnight for now looks like a bull flag so probably will be bought. the horizontal line above is the resistance and target.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/11 ... ay-update/

[BullBear52x]

Bears are no where to be found, I was expecting a little more pull back in the low 2720ish, well buy to continue.

[JFR]

Overnight gap down on ES and NQ. YM nada, bouncing around like crazy.

[JFR]

IWM small overnight gap down. Already filled.

[BullBear52x]

I am selling now, the pull back has to me a little bit more than this.

[JFR]

Big picture. The market is always looking for a reason to go up. It might go up, but it looks vulnerable to me. I think it could just as easily go back down.

[Trades with cats]

Until proven otherwise, looking like the typical Hooray the US market is open up move followed by a resumption of the overnight trend.

You know we are pretty much on hold waiting for the last spinning wheel on the slot machine to stop in Buenos Aries.

[BullBear52x]

wishful thinking

[Daniel]

IWM small overnight gap down. Already filled.

..and then an emphatic fade-the-fill thereafter. Price may be yearning for a cool refreshing drink from its upflowing 15min 20ema, which is currently just below the LOD.

That tag would be a potential inflection point, indicating consolidation complete.

[te_fern]

wishful thinking

I'd like that too!

[te_fern]

TICK is coming down from an over brought position. The VIX is rising this morning (light blue, inverse).

[te_fern]

Need to break this first MA line to get BB52's V shape correction.....

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[daytradingES]

l9:05 AM 2018-11-29

clear as mud
dir=0 dead flat

I am going with
H=2740.25
L=2718.25
dir=-1
rng= 27,39.50

(however much of the model says up and has "auto" est
h=2749
l=2722
as 2749 is close to stop 2 and breakout is 2751.25 it could go up through this)

I expect lots of chop back and forth with falsebreakouts and falsebreakdowns => range day and good to stay away from.

[JFR]

IWM small overnight gap down. Already filled.

..and then an emphatic fade-the-fill thereafter. Price may be yearning for a cool refreshing drink from its upflowing 15min 20ema, which is currently just below the LOD.

That tag would be a potential inflection point, indicating consolidation complete.

Shakin' it up here, Boss. A rough ride. That can't be good for the health. Ha ha

Back later.

imagesCAXFT9PR.jpg (9.12 KiB) Viewed 3738 times

[Al_Dente]

Yesterday’s Island Reversal on $INDU gives us an excellent drop-dead STOP

[Trades with cats]

Market ready to defend overnight low. ES order book showing 900 contracts to buy at ES 2729.50. Low is at 2728.75.
(200 something to 400 something is typical order book for each tick)

[Al_Dente]

Okay, lets cut GM's “subsidies”
Problem is: GM repaid its bailout - plus interest - long ago, and it gets NO SUBSIDIES (well, except for a teeny tiny one that goes to car buyers – not to GM - for some solar thing).
All they can find so far is roughly $310+ million in federal vehicle purchases for use by government departments. Also, GM is a recipient of energy-research and defense contracts. DOD contract = $167.9 million since 2000, and DOE grants = $100 million related to electric vehicles and batteries, awarded during the Obama era.
GM offerd buyouts to 17,700 employees last month; about 2,250 workers accepted by the 11/19 deadline.
[via zh]

“GM Bought Back $10 Billion In Stock Since 2015, Double What Job Cuts Will Save”
[via CBS MoneyWatch]

[te_fern]

Yesterday’s Island Reversal on $INDU gives us an excellent drop-dead STOP

1129island.png.png

Boss, do you know where this equates to on the S&P?